Background

• Conducted by US Census
• 82 Question Survey
• Economic and demographic data
• 2007 data
• Focus is on single business owners

Data Analysis Overview

• Age
• Hours Worked
• Gender
• Race
• Education
• Industry
• Geography

Ages and Hours Worked

Business Acquired Over Time (Gender)

Women’s Business Ownership Act of 1988

• WBOA Act passed in 1988
• Allowed women to obtain business loans
• Before the act, women were required to have a male co-signer
• Forbes article

Education of Business Owners (White)

Education of Business Owners (Hispanic)

Education of Business Owners (Black)

Education of Business Owners (Asian)

Industry (White)

Industry (Hispanic)

Industry (Black)

Industry (Asian)

Summary

• 67% Business owners 45 years or older
• Hours Worked: 40 hours or more
• Female owned businesses increased from 15% to 40% before 1980 through 2007
• 40% Hispanic business owners reported high school education or less
• 55% Asian business owners reported Bachelor’s degree or higher
• Most prominent industries:
  • Professional Services
  • Construction
  • Other Services
  • Retail Trade